This week we examined several metal/currency movements which were not what they’d outwardly appear to be.
Whether it’s the supposed zinc deficit, the seemingly sharp fall of the US dollar or the USA dropping to fourth in steel production, our reaction was largely “We know better than to panic about that.”
All the more reason for you to trust MetalMiner for all your metals’ sourcing needs. We won’t steer you wrong 😉
Honey, I Shrunk the Zinc Deficit
This week, my colleague Stuart Burns asked where that supposed zinc deficit is? As recently as January major bank HSBC was insisting that the zinc market was in deficit. Even The World Bureau of Metal Statistics said in their February report that the zinc market was in deficit by 262,000 metric tons during the January to December 2014 period, compared to a 95,000-mt surplus for 2013.
Yeah, not so much.